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True or false about planning

Exercise and reference answers

Questions
  1. Statement is true
    Yes
    Statement
    Planning is deciding in advance what to do.
  2. Statement is true
    Yes
    Statement
    Planning is the primary function of management.
  3. Statement is true
    No
    Statement
    Planning guarantees business success.
  4. Statement is true
    No
    Statement
    Planning is done only by the lowest level.
  5. Statement is true
    Yes
    Statement
    Planning is a mental exercise.
Instructions
Decide whether each statement is true or false.

Explanation

_Source: syllabus Business Studies, Ch 4 'Planning'_
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